Ethereum (ETHUSDT) | The best scenario for climbing๐
Hello traders, Ethereum in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
Based on the count we had for this symbol, the main 1, 2 and 3 waves are over, and we called the main 4 wave the main 4 wave, considering that the trend was not formed in the direction of the 3 main wave.
We compared wave 4 in previous analyzes with wave 2 and said that this wave was deeper and longer than wave 2.
Shallow wave and short in time ... but due to the recent descent, which is related to wave 5 of wave c zigzag, changed the idea that wave 4 will be shallow wave, as well as the structure we had in mind for the wave.
Our view now is that wave 4 is formed in the form of a zigzag, which is almost complete, or in the form of a flat, the c wave of which will be shorter than the other waves.
Generally:
We are inside wave b of flat or wave 1 of wave 5. (Very unexpected structure within the x-wave)
We define the recent trend that has arisen:
This trend, we think, was five waves that completed their waves 1, 2, and 3, and now it is inside wave 4, which will probably have another 4 to complete the decline, and then breaks the trend line (green circle) and rises again. Enters the correction phase.
๐If you have an idea that helps me provide a better analysis, I will be happy to write in the comments๐
โค๏ธPlease, support this idea with a like and comment!โค๏ธ
Based on the count we had for this symbol, the main 1, 2 and 3 waves are over, and we called the main 4 wave the main 4 wave, considering that the trend was not formed in the direction of the 3 main wave.
We compared wave 4 in previous analyzes with wave 2 and said that this wave was deeper and longer than wave 2.
Shallow wave and short in time ... but due to the recent descent, which is related to wave 5 of wave c zigzag, changed the idea that wave 4 will be shallow wave, as well as the structure we had in mind for the wave.
Our view now is that wave 4 is formed in the form of a zigzag, which is almost complete, or in the form of a flat, the c wave of which will be shorter than the other waves.
Generally:
We are inside wave b of flat or wave 1 of wave 5. (Very unexpected structure within the x-wave)
We define the recent trend that has arisen:
This trend, we think, was five waves that completed their waves 1, 2, and 3, and now it is inside wave 4, which will probably have another 4 to complete the decline, and then breaks the trend line (green circle) and rises again. Enters the correction phase.
๐If you have an idea that helps me provide a better analysis, I will be happy to write in the comments๐
โค๏ธPlease, support this idea with a like and comment!โค๏ธ